Kentucky
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House Bill 275

Actions | Amendments
Last Action 03/26/19: signed by Governor (KY Acts ch. 166)
Title AN ACT relating to insurance.
Bill Documents Acts Chapter 166
Current/Final
Introduced
Bill Request Number 846
Sponsor B. Rowland
Summary of Original Version Amend KRS 304.9-105 to remove a licensing requirement for insurance agents to maintain liability insurance or a cash surety bond; amend KRS 304.9-120 to establish exception to commissioner's review of determination of designation of Kentucky as an applicant's home state; amend KRS 304.35-040 to modify the persons that serve on the Reinsurance Association governing committee; amend KRS 417.050 to exempt arbitration agreements entered by industrial insured captive insurers from the provisions of KRS Chapter 417; repeal KRS 304.9-460.
Index Headings of Original Version Financial Responsibility - Insurance agent licensing, requirements for
Insurance - Agent licensing, requirements for
Insurance - Industrial insured captive insurers, arbitration agreements, except from KRS Chapter 417
Insurance - Reinsurance Association, governing committee, persons serving on
Licensing - Insurance agent licensing, financial requirements for
Occupations and Professions - Insurance agent licensing, financial requirements for
Arbitration - Industrial insured captive insurers, arbitration agreements, except from KRS Chapter 417
Bonds of Surety - Insurance agent licensing, requirements for
Jump to Proposed Amendments House Committee Substitute 1
Senate Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/07/19
  • introduced in House
02/08/19
  • to Banking & Insurance (H)
  • posted in committee
02/13/19
  • reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1)
02/14/19
  • 2nd reading, to Rules
  • posted for passage in the Consent Orders of the Day for Friday, February 15, 2019
02/15/19
  • 3rd reading, passed 96-0 with Committee Substitute (1)
  • received in Senate
02/19/19
  • to Banking & Insurance (S)
03/05/19
  • reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1)
03/06/19
  • 2nd reading, to Rules
03/07/19
  • posted for passage in the Consent Orders of the Day for Thursday, March 7, 2019
  • passed over and retained in the Consent Orders of the Day
03/12/19
  • passed over and retained in the Consent Orders of the Day
03/13/19
  • 3rd reading, passed 37-0 with Committee Substitute (1)
  • received in House
  • to Rules (H)
  • posted for passage for concurrence in Senate Committee Substitute (1)
03/14/19
  • House concurred in Senate Committee Substitute (1)
  • passed 98-2
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
03/26/19
  • signed by Governor (KY Acts ch. 166)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Retain original provisions, except amend KRS 304.9-105 to restore requirement for insurance agents to maintain liability insurance or a cash surety bond; remove amendment to KRS 304.9-120; amend KRS 304.35-040 relating to Reinsurance Association's at-large governing committee member; repeal KRS 304.15-175.
Index Headings Financial Responsibility - Insurance agent licensing, requirements for
Insurance - Agent licensing, requirements for
Insurance - Industrial insured captive insurers, arbitration agreements, exemption from KRS Chapter 417
Insurance - Reinsurance Association, governing committee, persons serving on
Licensing - Insurance agent licensing, financial requirements for
Occupations and Professions - Insurance agent licensing, financial requirements for
Arbitration - Industrial insured captive insurers, arbitration agreements, exemption from KRS Chapter 417
Bonds of Surety - Insurance agent licensing, requirements for

Amendment Senate Committee Substitute 1
Summary Retain original provisions, except amend KRS 304.9-120 to establish exception for limited lines travel insurance agent applicants to commissioner's review of designation of Kentucky as an applicant's home state.
Index Headings Financial Responsibility - Insurance agent licensing, requirements for
Insurance - Agent licensing, requirements for
Insurance - Industrial insured captive insurers, arbitration agreements, except from KRS Chapter 417
Insurance - Reinsurance Association, governing committee, persons serving on
Licensing - Insurance agent licensing, financial requirements for
Occupations and Professions - Insurance agent licensing, financial requirements for
Arbitration - Industrial insured captive insurers, arbitration agreements, except from KRS Chapter 417
Bonds of Surety - Insurance agent licensing, requirements for

Last updated: 11/9/2023 3:08 PM (EST)